Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

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Commitments and Contingencies
3 Months Ended
Dec. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 4 - Commitments and Contingencies

 

Rental Payments under Non-cancellable Operating Leases

 

As of December 30, 2018, the remaining minimum lease and estimated adjusted common area maintenance (CAM) payments under the non-cancelable office and facility space leases are as follows:

 

Non-cancellable Operating Leases Minimum Payments

 

    (Thousands)        
   

Optex Systems 

Richardson  

    Applied Optics Center 
Dallas
       
Fiscal Year   Lease
Payments
    CAM
Estimate
    Lease 
Payments
    CAM 
Estimate
    Total 
Payments
 
2019   $  212     $  83     $  186     $  51     $  532  
2020     291       112       255       62       720  
2021     147       57       262       63       529  
2022     —       —       22       5       27  
Total minimum lease payments   $ 650     $ 252     $ 725     $ 181     $ 1,808  

 

Total facilities rental and CAM expense for both facility lease agreements as of the three months ended December 30, 2018 was $172 thousand. Total expense under facility lease agreements as of the three months ended December 31, 2017 was $168 thousand.

 

As of December 30, 2018, the unamortized deferred rent was $106 thousand as compared to $111 thousand as of September 30, 2018. Deferred rent expense is amortized monthly over the life of the lease.